Ever since sustainable development was brought up in the United Nation in 1987, sustainability has been one of the top priorities in the policy making process of different governments as well as different companies. Despite the fact that different industries have been putting efforts in promoting sustainability in their business, little effort was initially shown in the luxury industry. The sector has been regularly criticized by the general public for its lack of sustainable development imperatives. This has led to an extensive discussion in the academic field on whether luxury and sustainable development are by nature compatible or not. Some scholars suggest that the two concepts are indeed able to co-exist as they share many similarities. They suggest that virtual rarity is the key to increase the motivation of luxury consumers for sustainable luxury purchase. However, no further studies have concerned the relation between virtual rarity and sustainable luxury. It is the objective of the present paper to challenge this hypothesis, confronting it with the market perspective. Studying the views of Western regular luxury consumers towards the two concepts should ultimately help luxury managers design more efficient, and hopefully effective, strategies to promote sustainability in their companies. To achieve this objective, the paper is organized into the following parts. First, a thorough literature review helps defining the concepts of virtual rarity and of sustainable luxury, and ultimately merges both. Then, the qualitative methodology to conduct the study is explained, along with a detailed description of the methods used for data collection and data analysis. The paper then focuses on the most important theoretical and managerial findings, still acknowledging further research developments due to research limitations.